10 February 2017
New York
Reporter: Stephanie Palmer

ISITC creates working group for collateral


The International Securities Association for Institutional Trade Communication (ISITC) has formed a new industry trade group focused on developing best practices in the collateral management lifecycle.

The Margin and Collateral Working Group will discuss issues around regulatory jurisdiction rules and timelines, and operational best practices for collateral management processing.

It will also consider messaging standards for collateral calls, dispute resolution, margining and asset movement and segregation.

Amy Caruso, limited director of strategy and North America business development at DTCC-Euroclear Global Collateral will co-chair the group with Wayne Forsythe, managing director at State Street.

A third co-chair will join Caruso and Forsythe, but has not yet been appointed.

Caruso said: “This working group was created in response to the need for more clarity on current challenges in the collateral industry.”

She added: “We are eager to share best practices and have spirited conversations on the way forward. All who are interested are welcome to join."

More technology news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Citi and CME Clearing launch collateral DLT platform
18 December 2017 | New York | Reporter: Zsuzsa Szabo
The blockchain software aims to reduce margin cost
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
OneClearstream now live and trading
15 November 2017 | Frankfurt | Reporter: Drew Nicol
Clearstream has launched OneClearstream, a new collateral management service aimed at automating collateral transfers across depositories
AI can lead us to harmony, says Clearstream
14 November 2017 | Luxembourg | Reporter: Jenna Lomax
Clearstream claims that new technological developments such as artificial intelligence and blockchain will support the market to overcome barriers to harmonisation
Aquila Network is currently being tested on a closed circuit basis and anticipates starting live operations with its first third-party clients before the end of this year
Wematch goes live in Asia
09 November 2017 | Hong Kong | Reporter: Drew Nicol
Wematch.SecuritiesFinancing has expanded into Asia and completed its first trade with Hong Kong users involving Japanese equities
Lombard Risk provides regtech solution to OneSavings
01 November 2017 | London | Reporter: Jenna Lomax
The introduction of the programme at OneSavings Bank will help to streamline regulatory reporting, data management and analytics, according to Lombard Risk